XRP’s recent climb away from the $0.98 level has prompted renewed discussion among traders over whether the asset has formed a long-term bottom. Yet, crypto analyst ChartNerd cautioned that technical confirmations remain insufficient for a definitive trend reversal. ChartNerd pointed to the significance of the monthly 20 exponential moving average (EMA) and the weekly 50 EMA in the current phase of the XRP market outlook. In his latest update, the analyst highlighted that XRP recently tested the monthly 20 EMA for the first time since it fell below the average in January 2026.